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        <name>Mizuho Markets Cayman LP into NextEra Energy, Inc.</name>
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        <name>N/A</name>
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        <name>Fiserv, Inc.</name>
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        <name>CVR Partners LP / CVR Nitrogen Finance Corp.</name>
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        <name>Shell plc</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <name>Weyerhaeuser Co.</name>
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        <name>CITGO Petroleum Corp.</name>
        <lei>YX52P86PXMLYDOTUQ225</lei>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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        <name>Five Corners Funding Trust III</name>
        <lei>N/A</lei>
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        <name>Ford Motor Credit Co. LLC</name>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Marvell Technology, Inc.</title>
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        <name>NextEra Energy, Inc.</name>
        <lei>254900RHL9MEUS5NKX63</lei>
        <title>NextEra Energy, Inc.</title>
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        <name>Franklin BSP Real Estate Credit BDC</name>
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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <name>CHS/Community Health Systems, Inc.</name>
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      <invstOrSec>
        <name>CCO Holdings LLC / CCO Holdings Capital Corp.</name>
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      <invstOrSec>
        <name>BlackRock, Inc.</name>
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        <name>Boeing Co. (The)</name>
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        <name>Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Alphabet, Inc.</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>Taiwan Semiconductor Manufacturing Co. Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Wynn Macau Ltd.</name>
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        <name>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</name>
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        <name>Celanese US Holdings LLC</name>
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        <name>Microchip Technology, Inc.</name>
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        <name>N/A</name>
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        <name>FHLMC Pool</name>
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        <name>Calumet Specialty Products Partners LP / Calumet Finance Corp.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Dell International LLC / EMC Corp.</name>
        <lei>N/A</lei>
        <title>Dell International LLC / EMC Corp.</title>
        <cusip>24703DBL4</cusip>
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          <isin value="US24703DBL47"/>
          <other otherDesc="Inhouse Asset ID" value="1233574"/>
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        <balance>40000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41609832.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Microchip Technology, Inc.</title>
        <cusip>00CBGPU81</cusip>
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          <isin value="US00CBGPU810"/>
          <other otherDesc="Inhouse Asset ID" value="1446885"/>
          <other otherDesc="Option Ticker" value="MCHP UC 04/17/25 C72.5 Equity"/>
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        <balance>-13500.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Microchip Technology, Inc.</issuerName>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>72.50000000</exercisePrice>
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            <expDt>2025-04-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1618108.06000000</unrealizedAppr>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC</name>
        <lei>N/A</lei>
        <title>Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC</title>
        <cusip>85208NAE0</cusip>
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          <isin value="US85208NAE04"/>
          <other otherDesc="Inhouse Asset ID" value="686665"/>
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        <balance>54000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54142679.34000000</valUSD>
        <pctVal>0.073655335613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15200000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HP, Inc.</name>
        <lei>WHKXQACZ14C5XRO8LW03</lei>
        <title>HP, Inc.</title>
        <cusip>40434LAK1</cusip>
        <identifiers>
          <isin value="US40434LAK17"/>
          <other otherDesc="Inhouse Asset ID" value="1196167"/>
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        <balance>50000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48514796.50000000</valUSD>
        <pctVal>0.065999201775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas and Electric Co.</title>
        <cusip>694308KM8</cusip>
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          <isin value="US694308KM84"/>
          <other otherDesc="Inhouse Asset ID" value="1272038"/>
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        <balance>30000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31370263.50000000</valUSD>
        <pctVal>0.042675894775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Duke Energy Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1450144"/>
          <other otherDesc="Option Ticker" value="DUK UC 06/20/25 C125 Equity"/>
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        <balance>-5000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1350000.00000000</valUSD>
        <pctVal>-0.00183653089</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
                <issuerName>Duke Energy Corp.</issuerName>
                <issueTitle>Duke Energy Corp.</issueTitle>
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                  <cusip value="26441C204"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>125.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-06-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-26927.84000000</unrealizedAppr>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc</name>
        <lei>N/A</lei>
        <title>Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc</title>
        <cusip>03969YAC2</cusip>
        <identifiers>
          <isin value="US03969YAC21"/>
          <other otherDesc="Inhouse Asset ID" value="1207452"/>
        </identifiers>
        <balance>20115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19851628.27000000</valUSD>
        <pctVal>0.027006021137</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>United Parcel Service, Inc.</title>
        <cusip>00CBT3MR3</cusip>
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          <isin value="US00CBT3MR33"/>
          <other otherDesc="Inhouse Asset ID" value="1449708"/>
          <other otherDesc="Option Ticker" value="UPS UC 05/16/25 C130 Equity"/>
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        <balance>-5000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-185000.00000000</valUSD>
        <pctVal>-0.00025167275</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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            <shareNo>100.00000000</shareNo>
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            <expDt>2025-05-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>814081.17000000</unrealizedAppr>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>NVIDIA Corp.</title>
        <cusip>00PBHVGV8</cusip>
        <identifiers>
          <isin value="US00PBHVGV82"/>
          <other otherDesc="Inhouse Asset ID" value="1440003"/>
          <other otherDesc="Option Ticker" value="NVDA UG 04/17/25 P105 Equity"/>
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        <balance>-15000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-4545000.00000000</valUSD>
        <pctVal>-0.00618298732</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>NVIDIA Corp.</issuerName>
                <issueTitle>NVIDIA Corp.</issueTitle>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>105.00000000</exercisePrice>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>Mizuho Markets Cayman LP into Exxon Mobil Corp.</name>
        <lei>549300KHUXLS6Q30KT26</lei>
        <title>Mizuho Markets Cayman LP into Exxon Mobil Corp.</title>
        <cusip>60701E246</cusip>
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          <isin value="US60701E2467"/>
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        <balance>2225000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>260274747.49000000</valUSD>
        <pctVal>0.354076010124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
        <cusip>718172DB2</cusip>
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          <isin value="US718172DB29"/>
          <other otherDesc="Inhouse Asset ID" value="1238129"/>
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        <balance>25000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Shea Homes LP / Shea Homes Funding Corp.</name>
        <lei>N/A</lei>
        <title>Shea Homes LP / Shea Homes Funding Corp.</title>
        <cusip>82088KAJ7</cusip>
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          <isin value="US82088KAJ79"/>
          <other otherDesc="Inhouse Asset ID" value="1222137"/>
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        <balance>40000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38004424.00000000</valUSD>
        <pctVal>0.051700961951</pctVal>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Novolex Holdings LLC</name>
        <lei>N/A</lei>
        <title>Novolex Holdings LLC, First Lien, CME Term Loan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1455140"/>
        </identifiers>
        <balance>90419243.98000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90023659.79000000</valUSD>
        <pctVal>0.122467579289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
        <cusip>65339KCU2</cusip>
        <identifiers>
          <isin value="US65339KCU25"/>
          <other otherDesc="Inhouse Asset ID" value="1324720"/>
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        <balance>85000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>85093715.90000000</valUSD>
        <pctVal>0.115760916889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Georgia Power Co.</name>
        <lei>D981X4Z4RWS7PDMJUZ03</lei>
        <title>Georgia Power Co.</title>
        <cusip>373334LB5</cusip>
        <identifiers>
          <isin value="US373334LB51"/>
          <other otherDesc="Inhouse Asset ID" value="1447868"/>
        </identifiers>
        <balance>26000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26185464.50000000</valUSD>
        <pctVal>0.035622529203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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        <name>UnitedHealth Group, Inc.</name>
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        <name>Mauser Packaging Solutions Holding Co.</name>
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        <name>NRG Energy, Inc.</name>
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        <name>Citigroup Global Markets Holdings, Inc. into Boeing Co. (The)</name>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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        <name>N/A</name>
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        <name>Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.</name>
        <lei>N/A</lei>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
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        <name>FNMA</name>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Microchip Technology, Inc.</title>
        <cusip>00CBGPU73</cusip>
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        <name>1375209 BC Ltd.</name>
        <lei>N/A</lei>
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        <name>UBS AG into Apple, Inc.</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>UBS AG into Apple, Inc.</title>
        <cusip>90301T558</cusip>
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        <name>Huntsman International LLC</name>
        <lei>3YTEJFW18LGIUQ2N5J61</lei>
        <title>Huntsman International LLC</title>
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          <maturityDt>2029-05-01</maturityDt>
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        <name>National Bank of Canada into Broadcom, Inc.</name>
        <lei>N/A</lei>
        <title>National Bank of Canada into Broadcom, Inc.</title>
        <cusip>N/A</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.50000000</annualizedRt>
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      <invstOrSec>
        <name>General Motors Co.</name>
        <lei>54930070NSV60J38I987</lei>
        <title>General Motors Co.</title>
        <cusip>37045VAZ3</cusip>
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          <isin value="US37045VAZ31"/>
          <other otherDesc="Inhouse Asset ID" value="1206339"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24804220.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Calumet Specialty Products Partners LP / Calumet Finance Corp.</name>
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        <name>Rivian Automotive, Inc.</name>
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      <invstOrSec>
        <name>Merrill Lynch International &amp; Co. CV into Halliburton Co.</name>
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        <name>Citigroup Global Markets Holdings, Inc. into Home Depot, Inc. (The)</name>
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        <name>Univision Communications, Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications, Inc.</title>
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        <name>CCO Holdings LLC / CCO Holdings Capital Corp.</name>
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        <name>Bausch Health Cos., Inc.</name>
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        <name>BP plc</name>
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        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Global Markets Holdings, Inc. into Intel Corp.</name>
        <lei>82VOJDD5PTRDMVVMGV31</lei>
        <title>Citigroup Global Markets Holdings, Inc. into Intel Corp.</title>
        <cusip>17332B207</cusip>
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          <isin value="US17332B2079"/>
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        <balance>6500000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Clear Channel Outdoor Holdings, Inc.</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
        <cusip>18453HAA4</cusip>
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          <isin value="US18453HAA41"/>
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        <balance>80417564.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <balance>-2500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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            <putOrCall>Call</putOrCall>
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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Pool, 30 Year</title>
        <cusip>3132DWHT3</cusip>
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          <isin value="US3132DWHT36"/>
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        <balance>80167797.23800000</balance>
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        <curCd>USD</curCd>
        <valUSD>80263776.53000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Global Markets Holdings, Inc. into Alphabet, Inc.</name>
        <lei>82VOJDD5PTRDMVVMGV31</lei>
        <title>Citigroup Global Markets Holdings, Inc. into Alphabet, Inc.</title>
        <cusip>17331V600</cusip>
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          <isin value="US17331V6002"/>
          <other otherDesc="Inhouse Asset ID" value="1380280"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>276141864.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Exxon Mobil Corp.</title>
        <cusip>00PBTEZU4</cusip>
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          <isin value="US00PBTEZU46"/>
          <other otherDesc="Inhouse Asset ID" value="1449711"/>
          <other otherDesc="Option Ticker" value="XOM US 05/16/25 P100 Equity"/>
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        <balance>-5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-115000.00000000</valUSD>
        <pctVal>-0.00015644522</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Put</putOrCall>
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                <issuerName>Exxon Mobil Corp.</issuerName>
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            <shareNo>100.00000000</shareNo>
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            <expDt>2025-05-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>699086.31000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Netflix, Inc.</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix, Inc.</title>
        <cusip>64110LAN6</cusip>
        <identifiers>
          <isin value="US64110LAN64"/>
          <other otherDesc="Inhouse Asset ID" value="678011"/>
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        <balance>75000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75152529.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Bank NA into Citigroup, Inc.</name>
        <lei>N/A</lei>
        <title>Wells Fargo Bank NA into Citigroup, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1446266"/>
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        <balance>2900000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>214383254.99000000</valUSD>
        <pctVal>0.291645533407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
        <cusip>316773DL1</cusip>
        <identifiers>
          <isin value="US316773DL15"/>
          <other otherDesc="Inhouse Asset ID" value="1323454"/>
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        <balance>20000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20480600.80000000</valUSD>
        <pctVal>0.027861671123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.63100000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Quikrete Holdings, Inc.</name>
        <lei>5493007KIN86DIZWZT22</lei>
        <title>Quikrete Holdings, Inc.</title>
        <cusip>74843PAA8</cusip>
        <identifiers>
          <isin value="US74843PAA84"/>
          <other otherDesc="Inhouse Asset ID" value="1441398"/>
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        <balance>30000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30214950.00000000</valUSD>
        <pctVal>0.041104214086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Schlumberger NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1440513"/>
          <other otherDesc="Option Ticker" value="SLB UG 05/16/25 C45 Equity"/>
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        <balance>-10000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-700000.00000000</valUSD>
        <pctVal>-0.00095227527</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Schlumberger NV</issuerName>
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            <shareNo>100.00000000</shareNo>
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            <unrealizedAppr>479699.09000000</unrealizedAppr>
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      <invstOrSec>
        <name>Merrill Lynch BV into Microsoft Corp</name>
        <lei>549300RQ1D1WIE085245</lei>
        <title>Merrill Lynch BV into Microsoft Corp</title>
        <cusip>59027W237</cusip>
        <identifiers>
          <isin value="US59027W2373"/>
          <other otherDesc="Inhouse Asset ID" value="1386120"/>
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        <balance>615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>237436549.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
        <cusip>345397C68</cusip>
        <identifiers>
          <isin value="US345397C684"/>
          <other otherDesc="Inhouse Asset ID" value="1232855"/>
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        <balance>45000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47115507.60000000</valUSD>
        <pctVal>0.064095618598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.35000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Procter &amp; Gamble Co. (The)</title>
        <cusip>00CB4U0Q6</cusip>
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          <isin value="US00CB4U0Q61"/>
          <other otherDesc="Inhouse Asset ID" value="1444299"/>
          <other otherDesc="Option Ticker" value="PG UG 06/20/25 C180 Equity"/>
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        <balance>-5000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1045000.00000000</valUSD>
        <pctVal>-0.00142161094</pctVal>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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            <putOrCall>Call</putOrCall>
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            <shareNo>100.00000000</shareNo>
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            <expDt>2025-06-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1254045.03000000</unrealizedAppr>
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      <invstOrSec>
        <name>NextEra Energy, Inc.</name>
        <lei>254900RHL9MEUS5NKX63</lei>
        <title>NextEra Energy, Inc.</title>
        <cusip>65339F101</cusip>
        <identifiers>
          <isin value="US65339F1012"/>
          <other otherDesc="Inhouse Asset ID" value="546"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>212670000.00000000</valUSD>
        <pctVal>0.289314832880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>Pilgrim's Pride Corp.</name>
        <lei>549300ZSLGV64ZL3HD75</lei>
        <title>Pilgrim's Pride Corp.</title>
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        <valUSD>70474316.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Bank NA into Boeing Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-22</maturityDt>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <valUSD>109191502.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.56100000</annualizedRt>
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      <invstOrSec>
        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
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          <isin value="US0970231058"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85275000.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dornoch Debt Merger Sub, Inc.</name>
        <lei>N/A</lei>
        <title>Dornoch Debt Merger Sub, Inc.</title>
        <cusip>25830JAA9</cusip>
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          <isin value="US25830JAA97"/>
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        <balance>85000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64741496.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UBS AG into Target Corp.</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>UBS AG into Target Corp.</title>
        <cusip>90301T681</cusip>
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          <isin value="US90301T6819"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203535263.51000000</valUSD>
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        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>U.S. Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797NZ6</cusip>
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          <isin value="US912797NZ64"/>
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        <balance>250000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249588005.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BAT Capital Corp.</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT Capital Corp.</title>
        <cusip>05526DBR5</cusip>
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          <isin value="US05526DBR52"/>
          <other otherDesc="Inhouse Asset ID" value="1112001"/>
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        <balance>37812000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35341239.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25900000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FMG Resources August 2006 Pty. Ltd.</name>
        <lei>549300EFD6S2NFE9D745</lei>
        <title>FMG Resources August 2006 Pty. Ltd.</title>
        <cusip>30251GBD8</cusip>
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          <isin value="US30251GBD88"/>
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        <balance>62035000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61314467.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Blackrock, Inc.</title>
        <cusip>00PBTE503</cusip>
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          <isin value="US00PBTE5034"/>
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          <other otherDesc="Option Ticker" value="BLK UN 05/16/25 P850 Equity"/>
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        <balance>-1000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1140000.00000000</valUSD>
        <pctVal>-0.00155084830</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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            <putOrCall>Put</putOrCall>
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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Analog Devices, Inc.</title>
        <cusip>00CBRGES3</cusip>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Centene Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp.</title>
        <cusip>15135BAR2</cusip>
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          <isin value="US15135BAR24"/>
          <other otherDesc="Inhouse Asset ID" value="1068943"/>
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        <balance>72000000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
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          <isin value="US097023CU76"/>
          <other otherDesc="Inhouse Asset ID" value="1067863"/>
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        <balance>60000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60293686.20000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Chevron Corp.</title>
        <cusip>00CBRF5K2</cusip>
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          <isin value="US00CBRF5K28"/>
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          <other otherDesc="Option Ticker" value="CVX UG 04/17/25 C175 Equity"/>
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        <balance>-10000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-560000.00000000</valUSD>
        <pctVal>-0.00076182022</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>CCO Holdings LLC / CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp.</title>
        <cusip>1248EPBR3</cusip>
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          <isin value="US1248EPBR37"/>
          <other otherDesc="Inhouse Asset ID" value="631502"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19980962.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
        <cusip>92332YAE1</cusip>
        <identifiers>
          <isin value="US92332YAE14"/>
          <other otherDesc="Inhouse Asset ID" value="1376200"/>
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        <balance>85000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>83801753.30000000</valUSD>
        <pctVal>0.114003339686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Mercedes-Benz Group AG</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>McAfee Corp.</name>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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                <issuerName>Mondelez International, Inc.</issuerName>
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      <invstOrSec>
        <name>Volkswagen Group of America Finance LLC</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
        <cusip>674599ED3</cusip>
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        <balance>80000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>84093760.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Toronto-Dominion Bank (The) into Caterpillar, Inc.</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The) into Caterpillar, Inc.</title>
        <cusip>89116B646</cusip>
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          <isin value="US89116B6469"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161385606.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>Edison International</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>Edison International</title>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58920000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Delta Air Lines, Inc. / SkyMiles IP Ltd.</name>
        <lei>N/A</lei>
        <title>Delta Air Lines, Inc. / SkyMiles IP Ltd.</title>
        <cusip>830867AB3</cusip>
        <identifiers>
          <isin value="US830867AB33"/>
          <other otherDesc="Inhouse Asset ID" value="1110761"/>
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        <balance>300000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>298846431.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Claritev Corp.</name>
        <lei>N/A</lei>
        <title>Claritev Corp.</title>
        <cusip>62548MAA8</cusip>
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          <isin value="US62548MAA80"/>
          <other otherDesc="Inhouse Asset ID" value="1441274"/>
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        <balance>77334408.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46450525.49000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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      <invstOrSec>
        <name>Crown Castle, Inc.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle, Inc.</title>
        <cusip>22822VBC4</cusip>
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          <isin value="US22822VBC46"/>
          <other otherDesc="Inhouse Asset ID" value="1259838"/>
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        <balance>60000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58672163.40000000</valUSD>
        <pctVal>0.079817215163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson</title>
        <cusip>478160104</cusip>
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          <other otherDesc="Inhouse Asset ID" value="726"/>
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        <balance>8000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1326720000.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Union Pacific Corp.</title>
        <cusip>00CBRGSX7</cusip>
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          <isin value="US00CBRGSX70"/>
          <other otherDesc="Inhouse Asset ID" value="1449707"/>
          <other otherDesc="Option Ticker" value="UNP UC 04/17/25 C260 Equity"/>
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        <balance>-5000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-25000.00000000</valUSD>
        <pctVal>-0.00003400983</pctVal>
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        <isRestrictedSec>N</isRestrictedSec>

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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>Mizuho Markets Cayman LP into Intel Corp.</name>
        <lei>549300KHUXLS6Q30KT26</lei>
        <title>Mizuho Markets Cayman LP into Intel Corp.</title>
        <cusip>6068FR816</cusip>
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          <isin value="US6068FR8169"/>
          <other otherDesc="Inhouse Asset ID" value="1421388"/>
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        <balance>11200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255923752.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>Merck &amp; Co., Inc.</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>Merck &amp; Co., Inc.</title>
        <cusip>58933Y105</cusip>
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          <isin value="US58933Y1055"/>
          <other otherDesc="Inhouse Asset ID" value="2049"/>
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        <balance>8000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>718080000.00000000</valUSD>
        <pctVal>0.976871186320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Blackrock, Inc.</title>
        <cusip>00CBT8Q31</cusip>
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          <isin value="US00CBT8Q315"/>
          <other otherDesc="Inhouse Asset ID" value="1450652"/>
          <other otherDesc="Option Ticker" value="BLK UO 05/16/25 C1060 Equity"/>
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        <balance>-1000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-400000.00000000</valUSD>
        <pctVal>-0.00054415730</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Blackrock, Inc.</issuerName>
                <issueTitle>Blackrock, Inc.</issueTitle>
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                  <cusip value="09290D101"/>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>1060.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-05-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>722790.57000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Morgan Stanley</name>
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        <name>N/A</name>
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        <name>Pfizer, Inc.</name>
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        <name>Calpine Corp.</name>
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        <name>NRG Energy, Inc.</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>Tenet Healthcare Corp.</name>
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        <name>Citigroup Global Markets Holdings, Inc. into Newmont Corp.</name>
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        <name>CommScope LLC</name>
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        <name>United Airlines Pass-Through Trust</name>
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        <curCd>USD</curCd>
        <valUSD>48588961.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Meta Platforms, Inc.</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1457123"/>
          <other otherDesc="Option Ticker" value="META UF 05/16/25 P530 Equity"/>
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        <balance>-3000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-5175000.00000000</valUSD>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Meta Platforms, Inc.</issuerName>
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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>DaVita, Inc.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DaVita, Inc., First Lien, Extended CME Term Loan, B1</title>
        <cusip>23918VBB9</cusip>
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          <isin value="US23918VBB99"/>
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        <balance>19949874.68670000</balance>
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        <curCd>USD</curCd>
        <valUSD>19949076.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.32492000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BellRing Brands, Inc.</name>
        <lei>549300S3BOK5CMTS8054</lei>
        <title>BellRing Brands, Inc.</title>
        <cusip>07831CAA1</cusip>
        <identifiers>
          <isin value="US07831CAA18"/>
          <other otherDesc="Inhouse Asset ID" value="1190791"/>
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        <balance>30000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31023810.00000000</valUSD>
        <pctVal>0.042204581772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas SA into International Paper Co.</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA into International Paper Co.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2836214481"/>
          <other otherDesc="Inhouse Asset ID" value="1388452"/>
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        <balance>5100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>257360032.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ConocoPhillips</title>
        <cusip>00CBRF779</cusip>
        <identifiers>
          <isin value="US00CBRF7796"/>
          <other otherDesc="Inhouse Asset ID" value="1438222"/>
          <other otherDesc="Option Ticker" value="COP UG 04/17/25 C115 Equity"/>
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        <balance>-10000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-110000.00000000</valUSD>
        <pctVal>-0.00014964325</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ConocoPhillips</issuerName>
                <issueTitle>ConocoPhillips</issueTitle>
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                  <cusip value="20825C104"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>115.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-04-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1241394.32000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Co.</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co.</title>
        <cusip>345370CR9</cusip>
        <identifiers>
          <isin value="US345370CR99"/>
          <other otherDesc="Inhouse Asset ID" value="654910"/>
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        <balance>50000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49258064.00000000</valUSD>
        <pctVal>0.067010337867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.34600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Co.</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co.</title>
        <cusip>345370DB3</cusip>
        <identifiers>
          <isin value="US345370DB39"/>
          <other otherDesc="Inhouse Asset ID" value="1210516"/>
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        <balance>195000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>191279546.25000000</valUSD>
        <pctVal>0.260215403944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHS/Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems, Inc.</title>
        <cusip>12543DBD1</cusip>
        <identifiers>
          <isin value="US12543DBD12"/>
          <other otherDesc="Inhouse Asset ID" value="1024438"/>
        </identifiers>
        <balance>280000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>277340420.00000000</valUSD>
        <pctVal>0.377292035845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Royal Bank of Canada into Cisco Systems, Inc.</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada into Cisco Systems, Inc.</title>
        <cusip>779942879</cusip>
        <identifiers>
          <isin value="US7799428799"/>
          <other otherDesc="Inhouse Asset ID" value="1449686"/>
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        <balance>4100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>255351559.37000000</valUSD>
        <pctVal>0.347378538227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vistra Corp.</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>Vistra Corp.</title>
        <cusip>92840MAB8</cusip>
        <identifiers>
          <isin value="US92840MAB81"/>
          <other otherDesc="Inhouse Asset ID" value="1199001"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10295880.00000000</valUSD>
        <pctVal>0.014006445674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Bank NA into Schlumberger NV</name>
        <lei>N/A</lei>
        <title>Wells Fargo Bank NA into Schlumberger NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1417083"/>
        </identifiers>
        <balance>5600000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>236825698.70000000</valUSD>
        <pctVal>0.322176082386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Alphabet, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1454726"/>
          <other otherDesc="Option Ticker" value="GOOGL UC 06/20/25 P130 Equity"/>
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        <balance>-10000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2180000.00000000</valUSD>
        <pctVal>-0.00296565728</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
                <issuerName>Alphabet, Inc.</issuerName>
                <issueTitle>Alphabet, Inc.</issueTitle>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>130.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-06-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-241835.99000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Alphabet, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1443987"/>
          <other otherDesc="Option Ticker" value="GOOGL UG 04/17/25 P180 Equity"/>
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        <balance>-6286.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-15664712.00000000</valUSD>
        <pctVal>-0.02131016849</pctVal>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Alphabet, Inc.</issuerName>
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            <shareNo>100.00000000</shareNo>
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            <expDt>2025-04-17</expDt>
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            <unrealizedAppr>-12627758.34000000</unrealizedAppr>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rain Carbon, Inc.</name>
        <lei>25490038N6JQH7QXUK52</lei>
        <title>Rain Carbon, Inc.</title>
        <cusip>75079LAB7</cusip>
        <identifiers>
          <isin value="US75079LAB71"/>
          <other otherDesc="Inhouse Asset ID" value="1283844"/>
        </identifiers>
        <balance>38000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40414748.00000000</valUSD>
        <pctVal>0.054979950456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="12206645.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
        <cusip>172967PA3</cusip>
        <identifiers>
          <isin value="US172967PA33"/>
          <other otherDesc="Inhouse Asset ID" value="1223486"/>
        </identifiers>
        <balance>85000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90242273.00000000</valUSD>
        <pctVal>0.122764979224</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Medline Borrower LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Parcel Service, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.</name>
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        <curCd>USD</curCd>
        <valUSD>133671978.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Marvell Technology, Inc.</name>
        <lei>N/A</lei>
        <title>Marvell Technology, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Regal Rexnord Corp.</name>
        <lei>QH78R09VCJGQKPBPYU33</lei>
        <title>Regal Rexnord Corp.</title>
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          <isin value="US758750AP89"/>
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        <balance>60000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62306851.80000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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      <invstOrSec>
        <name>Cleveland-Cliffs, Inc.</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>Cleveland-Cliffs, Inc.</title>
        <cusip>185899AL5</cusip>
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          <isin value="US185899AL57"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21784587.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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          <isin value="US17327CAU71"/>
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        <balance>30000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28709973.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.41100000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp. (The)</title>
        <cusip>808513CD5</cusip>
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          <isin value="US808513CD58"/>
          <other otherDesc="Inhouse Asset ID" value="1263840"/>
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        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25811706.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.64300000</annualizedRt>
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      <invstOrSec>
        <name>RR Donnelley &amp; Sons Co.</name>
        <lei>SU4X0P4WWRGOQDTSV032</lei>
        <title>RR Donnelley &amp; Sons Co.</title>
        <cusip>257867BJ9</cusip>
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          <isin value="US257867BJ97"/>
          <other otherDesc="Inhouse Asset ID" value="1379472"/>
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        <balance>45000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44618220.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Viatris, Inc.</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>Viatris, Inc.</title>
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          <isin value="US92556VAD82"/>
          <other otherDesc="Inhouse Asset ID" value="1177910"/>
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        <balance>40000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34850029.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Barclays Bank plc into International Business Machines Corp.</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Barclays Bank plc into International Business Machines Corp.</title>
        <cusip>06748N145</cusip>
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          <isin value="US06748N1458"/>
          <other otherDesc="Inhouse Asset ID" value="1359995"/>
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        <balance>1340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>259046731.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>American Tower Corp.</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp.</title>
        <cusip>03027XBZ2</cusip>
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        <balance>105000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108272868.90000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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      <invstOrSec>
        <name>American Airlines, Inc.</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
        <title>American Airlines, Inc.</title>
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        <balance>140000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142214983.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Jazz Investments I Ltd.</name>
        <lei>N/A</lei>
        <title>Jazz Investments I Ltd.</title>
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        <balance>40000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44540000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isContngtConvrtbl>Y</isContngtConvrtbl>
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            <dbtSecRefInstrument>
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              <title>Jazz Pharmaceuticals PLC</title>
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        <name>Barclays plc</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays plc</title>
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        <balance>70000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75087335.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>6.69200000</annualizedRt>
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      <invstOrSec>
        <name>CHS/Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems, Inc.</title>
        <cusip>12543DBL3</cusip>
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          <isin value="US12543DBL38"/>
          <other otherDesc="Inhouse Asset ID" value="1145936"/>
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        <balance>600000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>360348000.00000000</valUSD>
        <pctVal>0.490214987533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
        <cusip>46647PDY9</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1304956"/>
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        <balance>90000000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-23</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHS/Community Health Systems, Inc.</name>
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        <title>CHS/Community Health Systems, Inc.</title>
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          <isin value="US12543DBJ81"/>
          <other otherDesc="Inhouse Asset ID" value="1130936"/>
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        <balance>490000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>318249512.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Merck &amp; Co., Inc.</title>
        <cusip>00PBGWY62</cusip>
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          <isin value="US00PBGWY620"/>
          <other otherDesc="Inhouse Asset ID" value="1445765"/>
          <other otherDesc="Option Ticker" value="MRK UG 04/17/25 P80 Equity"/>
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        <balance>-10000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-180000.00000000</valUSD>
        <pctVal>-0.00024487078</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Options Clearing</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
                <issuerName>Merck &amp; Co., Inc.</issuerName>
                <issueTitle>Merck &amp; Co., Inc.</issueTitle>
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                  <cusip value="58933Y105"/>
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            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>80.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-04-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>2268263.83000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>US Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp</title>
        <cusip>91159HJJ0</cusip>
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          <isin value="US91159HJJ05"/>
          <other otherDesc="Inhouse Asset ID" value="1219940"/>
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        <balance>45000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46654616.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
        <cusip>718172CX5</cusip>
        <identifiers>
          <isin value="US718172CX57"/>
          <other otherDesc="Inhouse Asset ID" value="1224244"/>
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        <balance>41000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42936286.09000000</valUSD>
        <pctVal>0.058410233858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Home Depot, Inc. (The)</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>Home Depot, Inc. (The)</title>
        <cusip>437076102</cusip>
        <identifiers>
          <isin value="US4370761029"/>
          <other otherDesc="Inhouse Asset ID" value="638"/>
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        <balance>1500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>549735000.00000000</valUSD>
        <pctVal>0.747855784330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PG&amp;E Corp.</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E Corp.</title>
        <cusip>69331CAJ7</cusip>
        <identifiers>
          <isin value="US69331CAJ71"/>
          <other otherDesc="Inhouse Asset ID" value="1086273"/>
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        <balance>20000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19221348.00000000</valUSD>
        <pctVal>0.026148592111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kinder Morgan, Inc.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan, Inc.</title>
        <cusip>494553AE0</cusip>
        <identifiers>
          <isin value="US494553AE00"/>
          <other otherDesc="Inhouse Asset ID" value="1324659"/>
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        <balance>40000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39976554.00000000</valUSD>
        <pctVal>0.054383834295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Newmont Corp.</name>
        <lei>549300VSP3RIX7FGDZ51</lei>
        <title>Newmont Corp.</title>
        <cusip>651639106</cusip>
        <identifiers>
          <isin value="US6516391066"/>
          <other otherDesc="Inhouse Asset ID" value="30097"/>
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        <balance>2500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>120700000.00000000</valUSD>
        <pctVal>0.164199465503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Home Depot, Inc. (The)</title>
        <cusip>00PBRMF89</cusip>
        <identifiers>
          <isin value="US00PBRMF890"/>
          <other otherDesc="Inhouse Asset ID" value="1447671"/>
          <other otherDesc="Option Ticker" value="HD UC 04/17/25 P350 Equity"/>
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        <balance>-5000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1270000.00000000</valUSD>
        <pctVal>-0.00172769942</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Options Clearing</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Home Depot, Inc. (The)</issuerName>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>350.00000000</exercisePrice>
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            <expDt>2025-04-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1126299.32000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
        <cusip>629377CX8</cusip>
        <identifiers>
          <isin value="US629377CX83"/>
          <other otherDesc="Inhouse Asset ID" value="1405259"/>
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        <balance>65000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64043830.50000000</valUSD>
        <pctVal>0.087124794837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Calumet Specialty Products Partners LP / Calumet Finance Corp.</name>
        <lei>N/A</lei>
        <title>Calumet Specialty Products Partners LP / Calumet Finance Corp.</title>
        <cusip>131477AV3</cusip>
        <identifiers>
          <isin value="US131477AV34"/>
          <other otherDesc="Inhouse Asset ID" value="1185649"/>
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        <balance>125000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>115517142.50000000</valUSD>
        <pctVal>0.157148741135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Air Products and Chemicals, Inc.</title>
        <cusip>00CBC7JM7</cusip>
        <identifiers>
          <isin value="US00CBC7JM76"/>
          <other otherDesc="Inhouse Asset ID" value="1446253"/>
          <other otherDesc="Option Ticker" value="APD UG 06/20/25 C350 Equity"/>
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        <balance>-2500.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-287500.00000000</valUSD>
        <pctVal>-0.00039111305</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Air Products and Chemicals, Inc.</issuerName>
                <issueTitle>Air Products and Chemicals, Inc.</issueTitle>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>350.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-06-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1214516.21000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United Airlines, Inc.</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
        <title>United Airlines, Inc.</title>
        <cusip>90932LAH0</cusip>
        <identifiers>
          <isin value="US90932LAH06"/>
          <other otherDesc="Inhouse Asset ID" value="1143380"/>
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        <balance>136643000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129405718.54000000</valUSD>
        <pctVal>0.176042666258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup Global Markets Holdings, Inc. into Freeport-McMoRan, Inc.</name>
        <lei>82VOJDD5PTRDMVVMGV31</lei>
        <title>Citigroup Global Markets Holdings, Inc. into Freeport-McMoRan, Inc.</title>
        <cusip>17331N509</cusip>
        <identifiers>
          <isin value="US17331N5095"/>
          <other otherDesc="Inhouse Asset ID" value="1354372"/>
        </identifiers>
        <balance>4100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>155928782.11000000</valUSD>
        <pctVal>0.212124462958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CFU0</cusip>
        <identifiers>
          <isin value="US91282CFU09"/>
          <other otherDesc="Inhouse Asset ID" value="1221534"/>
        </identifiers>
        <balance>1250000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1257250975.00000000</valUSD>
        <pctVal>1.710355742328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Bank NA into QUALCOMM, Inc.</name>
        <lei>N/A</lei>
        <title>Wells Fargo Bank NA into QUALCOMM, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <name>N/A</name>
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        <name>Goldman Sachs International Bank into RTX Corp.</name>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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      <invstOrSec>
        <name>USA Compression Partners LP / USA Compression Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bausch Health Cos., Inc.</name>
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        <name>BNP Paribas Issuance BV into Applied Materials, Inc.</name>
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        <cusip>N/A</cusip>
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        <balance>1300000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Expedia Group, Inc.</name>
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        <name>Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.</name>
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      <invstOrSec>
        <name>Calumet Specialty Products Partners LP / Calumet Finance Corp.</name>
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        <invCountry>US</invCountry>
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        <name>Charter Communications Operating LLC / Charter Communications Operating Capital</name>
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        <name>Vistra Operations Co. LLC</name>
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        <name>N/A</name>
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        <name>EMRLD Borrower LP</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
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        <title>TransDigm, Inc., First Lien, CME Term Loan, J</title>
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      <invstOrSec>
        <name>Mauser Packaging Solutions Holding Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cleveland-Cliffs, Inc.</name>
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          <isin value="US185899AR28"/>
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        <balance>50000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-01</maturityDt>
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      <invstOrSec>
        <name>Ashtead Capital, Inc.</name>
        <lei>213800J1134IW58IC398</lei>
        <title>Ashtead Capital, Inc.</title>
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          <isin value="US045054AR41"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-15</maturityDt>
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      <invstOrSec>
        <name>Barclays plc</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays plc</title>
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          <isin value="US06738EDC66"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19608915.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>General Motors Co.</name>
        <lei>54930070NSV60J38I987</lei>
        <title>General Motors Co.</title>
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          <isin value="US37045VAP58"/>
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        <balance>140000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126835560.60000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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      <invstOrSec>
        <name>Twitter, Inc.</name>
        <lei>N/A</lei>
        <title>Twitter, Inc., First Lien, CME Term Loan, B1</title>
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          <other otherDesc="Inhouse Asset ID" value="1442788"/>
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        <balance>180000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>179100000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-26</maturityDt>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Microsoft Corp.</title>
        <cusip>00PBGWE56</cusip>
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          <isin value="US00PBGWE564"/>
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          <other otherDesc="Option Ticker" value="MSFT UC 04/17/25 P355 Equity"/>
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        <balance>-5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1330000.00000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Put</putOrCall>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ConocoPhillips</title>
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          <other otherDesc="Option Ticker" value="COP UU 06/20/25 C110 Equity"/>
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        <curCd>USD</curCd>
        <valUSD>-3100000.00000000</valUSD>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
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          <maturityDt>2028-06-23</maturityDt>
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        <name>Kedrion SpA</name>
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        <title>Kedrion SpA</title>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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      <invstOrSec>
        <name>Toronto-Dominion Bank (The) into Starbucks Corp.</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The) into Starbucks Corp.</title>
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        <invCountry>CA</invCountry>
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        <name>U.S. Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-06</maturityDt>
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      <invstOrSec>
        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
        <cusip>92332YAF8</cusip>
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          <isin value="US92332YAF88"/>
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        <balance>250000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>237444710.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
        <cusip>629377CX8</cusip>
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          <isin value="US629377CX83"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9852897.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KeyBank NA</name>
        <lei>HUX2X73FUCYHUVH1BK78</lei>
        <title>KeyBank NA</title>
        <cusip>49327M3F9</cusip>
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          <isin value="US49327M3F97"/>
          <other otherDesc="Inhouse Asset ID" value="1223487"/>
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        <balance>50000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51376609.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CommScope, Inc.</name>
        <lei>N/A</lei>
        <title>CommScope, Inc., First Lien, Initial CME Term Loan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1440980"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19945800.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.57492000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Philip Morris International, Inc.</title>
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          <isin value="US00CBFYTQ54"/>
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          <other otherDesc="Option Ticker" value="PM UC 06/20/25 C170 Equity"/>
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        <balance>-5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1650000.00000000</valUSD>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.</name>
        <lei>N/A</lei>
        <title>Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.</title>
        <cusip>599191AA1</cusip>
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          <isin value="US599191AA16"/>
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        <balance>87975000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Merck &amp; Co., Inc.</title>
        <cusip>00PAGHY75</cusip>
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          <isin value="US00PAGHY755"/>
          <other otherDesc="Inhouse Asset ID" value="1456291"/>
          <other otherDesc="Option Ticker" value="MRK UC 06/20/25 P85 Equity"/>
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        <balance>-10000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2820000.00000000</valUSD>
        <pctVal>-0.00383630897</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Put</putOrCall>
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            <shareNo>100.00000000</shareNo>
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            <expDt>2025-06-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-837537.22000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas and Electric Co.</title>
        <cusip>694308KJ5</cusip>
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          <isin value="US694308KJ55"/>
          <other otherDesc="Inhouse Asset ID" value="1233036"/>
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        <balance>50000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51521648.00000000</valUSD>
        <pctVal>0.070089702265</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
        <cusip>46284VAC5</cusip>
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          <isin value="US46284VAC54"/>
          <other otherDesc="Inhouse Asset ID" value="686400"/>
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        <balance>55000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53917990.50000000</valUSD>
        <pctVal>0.073349670431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>Post Holdings, Inc.</title>
        <cusip>737446AR5</cusip>
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          <isin value="US737446AR57"/>
          <other otherDesc="Inhouse Asset ID" value="1135577"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4533528.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp.</title>
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        <balance>61925000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-25</maturityDt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Johnson &amp; Johnson</title>
        <cusip>00CBT7RP3</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1449620"/>
          <other otherDesc="Option Ticker" value="JNJ UC 05/16/25 C175 Equity"/>
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        <balance>-10000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1040000.00000000</valUSD>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Caesars Entertainment, Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment, Inc.</title>
        <cusip>12769GAA8</cusip>
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      <invstOrSec>
        <name>Medline Borrower LP</name>
        <lei>254900QT3R363TVK6F09</lei>
        <title>Medline Borrower LP, First Lien, Dollar Incremental CME Term Loan</title>
        <cusip>58503UAF0</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1363098"/>
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        <balance>19949874.68670000</balance>
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        <curCd>USD</curCd>
        <valUSD>19934613.03000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-23</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Albemarle Corp.</name>
        <lei>HDBLS2Q6GV1LSKQPBS54</lei>
        <title>Albemarle Corp.</title>
        <cusip>012653200</cusip>
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          <isin value="US0126532003"/>
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        <curCd>USD</curCd>
        <valUSD>213900000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
        <cusip>37045XDW3</cusip>
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          <isin value="US37045XDW39"/>
          <other otherDesc="Inhouse Asset ID" value="1201313"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
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        <pctVal>0.027248855863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Southern Co. (The)</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co. (The)</title>
        <cusip>842587107</cusip>
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          <isin value="US8425871071"/>
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        <name>JPMorgan Chase Bank NA into CVS Health Corp.</name>
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        <name>United States of America</name>
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        <name>Tenet Healthcare Corp.</name>
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        <name>FNMA</name>
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        <name>Citigroup, Inc.</name>
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        <name>CHS/Community Health Systems, Inc.</name>
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        <name>FMG Resources August 2006 Pty. Ltd.</name>
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        <invCountry>AU</invCountry>
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        <name>Barclays plc</name>
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        <name>Capital One Financial Corp.</name>
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        <title>Capital One Financial Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Vistra Corp.</name>
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        <title>Vistra Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <title>TotalEnergies SE</title>
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        <name>DaVita, Inc.</name>
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        <name>N/A</name>
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        <title>Norfolk Southern Corp.</title>
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      <invstOrSec>
        <name>Cheniere Energy, Inc.</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>Cheniere Energy, Inc.</title>
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          <isin value="US16411RAN98"/>
          <other otherDesc="Inhouse Asset ID" value="1402968"/>
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        <balance>40000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40481340.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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      <invstOrSec>
        <name>Carnival Corp.</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp.</title>
        <cusip>143658BL5</cusip>
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        <balance>165000000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LyondellBasell Industries NV</name>
        <lei>BN6WCCZ8OVP3ITUUVN49</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
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        <balance>20000000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Roper Technologies, Inc.</name>
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        <title>Roper Technologies, Inc.</title>
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          <isin value="US776743AL02"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ArcelorMittal SA</name>
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          <isin value="US03938LBF04"/>
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      <invstOrSec>
        <name>Calpine Corp.</name>
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        <title>Calpine Corp.</title>
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          <isin value="US131347CM64"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>VICI Properties LP</name>
        <lei>254900X4QE7SGKQLLN38</lei>
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          <isin value="US925650AD55"/>
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        <balance>60000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58778628.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>International Flavors &amp; Fragrances, Inc.</name>
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        <balance>50000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>N/A</name>
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        <title>Illinois Tool Works, Inc.</title>
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        <curCd>USD</curCd>
        <valUSD>-100000.00000000</valUSD>
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        <assetCat>DE</assetCat>
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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>CommScope LLC</name>
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        <name>Caesars Entertainment, Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment, Inc.</title>
        <cusip>12769GAC4</cusip>
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        <balance>45000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44887158.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2032-02-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>SCIH Salt Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>SCIH Salt Holdings, Inc.</title>
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        <valUSD>96182761.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Bank NA into UnitedHealth Group, Inc.</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>Wells Fargo Bank NA into UnitedHealth Group, Inc.</title>
        <cusip>95003R867</cusip>
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        <balance>425000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Barclays plc</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays plc</title>
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        <balance>49000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43526749.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-24</maturityDt>
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      <invstOrSec>
        <name>JPMorgan Chase Bank NA into Comcast Corp.</name>
        <lei>N/A</lei>
        <title>JPMorgan Chase Bank NA into Comcast Corp.</title>
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        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1384379"/>
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        <balance>6100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
        <cusip>404119CK3</cusip>
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          <isin value="US404119CK30"/>
          <other otherDesc="Inhouse Asset ID" value="1285934"/>
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        <balance>82954000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75015348.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.</name>
        <lei>N/A</lei>
        <title>Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.</title>
        <cusip>983133AD1</cusip>
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          <isin value="US983133AD10"/>
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        <balance>100000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97488039.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AstraZeneca plc</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>AstraZeneca plc</title>
        <cusip>046353108</cusip>
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          <isin value="US0463531089"/>
          <other otherDesc="Inhouse Asset ID" value="30513"/>
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        <balance>2000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>147000000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
        <cusip>89788NAA8</cusip>
        <identifiers>
          <isin value="US89788NAA81"/>
          <other otherDesc="Inhouse Asset ID" value="1207490"/>
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        <balance>95000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90716891.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.91600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273VAU4</cusip>
        <identifiers>
          <isin value="US29273VAU44"/>
          <other otherDesc="Inhouse Asset ID" value="1304160"/>
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        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26744662.25000000</valUSD>
        <pctVal>0.036383258049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.55000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.</name>
        <lei>N/A</lei>
        <title>Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.</title>
        <cusip>03969AAN0</cusip>
        <identifiers>
          <isin value="US03969AAN00"/>
          <other otherDesc="Inhouse Asset ID" value="1000063"/>
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        <balance>260000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>239162300.00000000</valUSD>
        <pctVal>0.325354779027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sealed Air Corp.</name>
        <lei>N/A</lei>
        <title>Sealed Air Corp.</title>
        <cusip>812127AA6</cusip>
        <identifiers>
          <isin value="US812127AA61"/>
          <other otherDesc="Inhouse Asset ID" value="1234479"/>
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        <balance>20000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20041900.00000000</valUSD>
        <pctVal>0.027264865515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Williams Cos., Inc. (The)</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>Williams Cos., Inc. (The)</title>
        <cusip>969457CJ7</cusip>
        <identifiers>
          <isin value="US969457CJ76"/>
          <other otherDesc="Inhouse Asset ID" value="1239848"/>
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        <balance>55000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56378980.90000000</valUSD>
        <pctVal>0.076697585165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>McDonald's Corp.</title>
        <cusip>00PBUQR26</cusip>
        <identifiers>
          <isin value="US00PBUQR262"/>
          <other otherDesc="Inhouse Asset ID" value="1456351"/>
          <other otherDesc="Option Ticker" value="MCD UC 05/16/25 P285 Equity"/>
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        <balance>-5000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-995000.00000000</valUSD>
        <pctVal>-0.00135359128</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>McDonald's Corp.</issuerName>
                <issueTitle>McDonald's Corp.</issueTitle>
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                  <cusip value="580135101"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>285.00000000</exercisePrice>
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            <expDt>2025-05-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>134077.55000000</unrealizedAppr>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Cigna Group (The)</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1449594"/>
          <other otherDesc="Option Ticker" value="CI UC 04/17/25 C340 Equity"/>
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        <balance>-4000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1580000.00000000</valUSD>
        <pctVal>-0.00214942133</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Cigna Group (The)</issuerName>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>340.00000000</exercisePrice>
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            <expDt>2025-04-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-436704.63000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
        <cusip>629377CQ3</cusip>
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          <isin value="US629377CQ33"/>
          <other otherDesc="Inhouse Asset ID" value="1122727"/>
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        <balance>48300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44391192.09000000</valUSD>
        <pctVal>0.060389478162</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
        <cusip>893647BR7</cusip>
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          <isin value="US893647BR70"/>
          <other otherDesc="Inhouse Asset ID" value="1237868"/>
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        <balance>100000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101585400.00000000</valUSD>
        <pctVal>0.138196092651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Chevron Corp.</title>
        <cusip>00CBT3CQ6</cusip>
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          <isin value="US00CBT3CQ69"/>
          <other otherDesc="Inhouse Asset ID" value="1457047"/>
          <other otherDesc="Option Ticker" value="CVX UC 05/16/25 C175 Equity"/>
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        <balance>-10000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2230000.00000000</valUSD>
        <pctVal>-0.00303367695</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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            <putOrCall>Call</putOrCall>
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                <issuerName>Chevron Corp.</issuerName>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>175.00000000</exercisePrice>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>313586810</cusip>
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          <isin value="US3135868103"/>
          <other otherDesc="Inhouse Asset ID" value="324494"/>
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        <balance>4240.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>153700000.00000000</valUSD>
        <pctVal>0.209092442816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FMG Resources August 2006 Pty. Ltd.</name>
        <lei>549300EFD6S2NFE9D745</lei>
        <title>FMG Resources August 2006 Pty. Ltd.</title>
        <cusip>30251GBC0</cusip>
        <identifiers>
          <isin value="US30251GBC06"/>
          <other otherDesc="Inhouse Asset ID" value="1138909"/>
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        <balance>190500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>172229659.35000000</valUSD>
        <pctVal>0.234300066355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp. (The)</title>
        <cusip>808513CJ2</cusip>
        <identifiers>
          <isin value="US808513CJ29"/>
          <other otherDesc="Inhouse Asset ID" value="1310564"/>
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        <balance>40000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42207623.60000000</valUSD>
        <pctVal>0.057418966323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.19600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
        <cusip>629377CT7</cusip>
        <identifiers>
          <isin value="US629377CT71"/>
          <other otherDesc="Inhouse Asset ID" value="1240362"/>
        </identifiers>
        <balance>30000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32366580.00000000</valUSD>
        <pctVal>0.044031277018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
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        <name>Barclays plc</name>
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        <name>Ford Motor Credit Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Barclays Bank plc into Salesforce, Inc.</name>
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        <name>Pacific Gas and Electric Co.</name>
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        <name>Fiserv, Inc.</name>
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        <name>VICI Properties LP / VICI Note Co., Inc.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>US Bancorp</name>
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        <name>Calumet Specialty Products Partners LP / Calumet Finance Corp.</name>
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        <invCountry>US</invCountry>
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        <name>FHLMC Pool</name>
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        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
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        <name>Tennessee Gas Pipeline Co. LLC</name>
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        <name>Barclays Bank plc into Target Corp.</name>
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        <name>Medtronic plc</name>
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        <name>Caesars Entertainment, Inc.</name>
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        <name>Merrill Lynch International &amp; Co. CV into Microsoft Corp.</name>
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        <name>Air Products and Chemicals, Inc.</name>
        <lei>7QEON6Y1RL5XR3R1W237</lei>
        <title>Air Products and Chemicals, Inc.</title>
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        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp. (The)</title>
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        <name>Boeing Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hilton Domestic Operating Co., Inc.</name>
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        <name>Barclays plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RTX Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GE HealthCare Technologies, Inc.</name>
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        <name>Philip Morris International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Merrill Lynch International &amp; Co. CV into Morgan Stanley</name>
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        <name>Vistra Operations Co. LLC</name>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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        <name>Endo, Inc.</name>
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        <invCountry>IE</invCountry>
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        <name>Goldman Sachs International Bank into Texas Instruments, Inc.</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

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        <name>Verizon Communications, Inc.</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp., Class A</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Merrill Lynch BV into Micron Technology, Inc.</name>
        <lei>549300RQ1D1WIE085245</lei>
        <title>Merrill Lynch BV into Micron Technology, Inc.</title>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Xcel Energy, Inc.</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy, Inc.</title>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>212370000.00000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Option Ticker" value="TFC US 06/20/25 C50 Equity"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Options Clearing</counterpartyName>
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      <invstOrSec>
        <name>United Rentals North America, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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        <title>Bank of America Corp.</title>
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        <balance>90000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810UE63"/>
          <other otherDesc="Inhouse Asset ID" value="1418698"/>
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        <balance>250000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>246406250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Barclays plc</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays plc</title>
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        <balance>55000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59280619.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.11900000</annualizedRt>
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      <invstOrSec>
        <name>Royal Bank of Canada into Texas Instruments, Inc.</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada into Texas Instruments, Inc.</title>
        <cusip>779942184</cusip>
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          <isin value="US7799421844"/>
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        <balance>800000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>144867599.52000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Calpine Corp.</name>
        <lei>43R4VPJBXTU2O15HEF41</lei>
        <title>Calpine Corp.</title>
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          <isin value="US131347CR51"/>
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        <balance>40000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36514724.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Pool, 30 Year</title>
        <cusip>3132DWNK5</cusip>
        <identifiers>
          <isin value="US3132DWNK52"/>
          <other otherDesc="Inhouse Asset ID" value="1427582"/>
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        <balance>199594405.25000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199431037.23000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Bank NA into NextEra Energy, Inc.</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>Wells Fargo Bank NA into NextEra Energy, Inc.</title>
        <cusip>95002A162</cusip>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>UBS AG into Intel Corp.</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>UBS AG into Intel Corp.</title>
        <cusip>90301T640</cusip>
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          <isin value="US90301T6405"/>
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        <balance>5100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118885859.74000000</valUSD>
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        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Shea Homes LP / Shea Homes Funding Corp.</name>
        <lei>N/A</lei>
        <title>Shea Homes LP / Shea Homes Funding Corp.</title>
        <cusip>82088KAK4</cusip>
        <identifiers>
          <isin value="US82088KAK43"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23957394.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Teva Pharmaceutical Finance Netherlands III BV</name>
        <lei>5493004T21MOAFINJP35</lei>
        <title>Teva Pharmaceutical Finance Netherlands III BV</title>
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        <balance>30000000.00000000</balance>
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        <name>HCA, Inc.</name>
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        <title>HCA, Inc.</title>
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        <name>MPH Acquisition Holdings LLC</name>
        <lei>5493002WXOPRPTXWTU06</lei>
        <title>MPH Acquisition Holdings LLC</title>
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        <valUSD>63054220.49000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Exxon Mobil Corp.</title>
        <cusip>00CBT8J21</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1457048"/>
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        <balance>-10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1490000.00000000</valUSD>
        <pctVal>-0.00202698594</pctVal>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <otherRefInst>
                <issuerName>Exxon Mobil Corp.</issuerName>
                <issueTitle>Exxon Mobil Corp.</issueTitle>
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        <name>BAT Capital Corp.</name>
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        <name>US Bancorp</name>
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        <name>United States of America</name>
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        <name>N/A</name>
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        <name>Energizer Holdings, Inc.</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>Energizer Holdings, Inc.</title>
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        <name>Medline Borrower LP/Medline Co-Issuer, Inc.</name>
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        <name>Merrill Lynch International &amp; Co. CV into AbbVie, Inc.</name>
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        <name>Freeport-McMoRan, Inc.</name>
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        <name>Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc</name>
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        <cusip>03969YAB4</cusip>
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      <invstOrSec>
        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas and Electric Co.</title>
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        <name>Delta Air Lines, Inc. / SkyMiles IP Ltd.</name>
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        <name>Cisco Systems, Inc.</name>
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        <name>Expedia Group, Inc.</name>
        <lei>N/A</lei>
        <title>Expedia Group, Inc.</title>
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        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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      <invstOrSec>
        <name>HCA, Inc.</name>
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          <isin value="US404121AJ49"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Dow Chemical Co. (The)</name>
        <lei>ZQUIP1CSZO8LXRBSOU78</lei>
        <title>Dow Chemical Co. (The)</title>
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          <isin value="US260543DG52"/>
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        <balance>35000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
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          <annualizedRt>6.30000000</annualizedRt>
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      <invstOrSec>
        <name>United Rentals North America, Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America, Inc.</title>
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        <balance>31000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Put</putOrCall>
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                <issuerName>NVIDIA Corp.</issuerName>
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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PepsiCo, Inc.</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BNP Paribas Issuance BV into Advanced Micro Devices, Inc.</name>
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        <cusip>N/A</cusip>
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          <isin value="XS2955930677"/>
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        <balance>1650000.00000000</balance>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>Celanese US Holdings LLC</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>Celanese US Holdings LLC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fifth Third Bancorp</name>
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        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Freeport-McMoRan, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INSTITUTIONAL FIDUCIARY TRUST</name>
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        <title>INSTITUTIONAL FIDUCIARY TRUST</title>
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          <other otherDesc="TICKER" value="INFXX"/>
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        <issuerCat>RF</issuerCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
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        <name>Williams Cos., Inc. (The)</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Morgan Stanley</title>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 30 Year</title>
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          <isin value="US31418ER771"/>
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        <curCd>USD</curCd>
        <valUSD>157353648.44000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Micron Technology, Inc.</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>Micron Technology, Inc.</title>
        <cusip>595112BZ5</cusip>
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          <isin value="US595112BZ51"/>
          <other otherDesc="Inhouse Asset ID" value="1237269"/>
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        <balance>40000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41447224.00000000</valUSD>
        <pctVal>0.056384523839</pctVal>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pilgrim's Pride Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-15</maturityDt>
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      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
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      <invstOrSec>
        <name>Home Depot, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <balance>-10000.00000000</balance>
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        <assetCat>DE</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Matador Resources Co.</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
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          <isin value="US576485AG13"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>American Airlines Group, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Weatherford International Ltd.</name>
        <lei>549300A2JKMG5PGOGF82</lei>
        <title>Weatherford International Ltd.</title>
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        <curCd>USD</curCd>
        <valUSD>248937395.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Analog Devices, Inc.</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>Analog Devices, Inc.</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>J.P. Morgan Structured Products BV into Taiwan Semiconductor Manufacturing Co. Ltd.</name>
        <lei>XZYUUT6IYN31D9K77X08</lei>
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        <cusip>N/A</cusip>
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          <isin value="XS2599093254"/>
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        <balance>615000.00000000</balance>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2026-04-15</maturityDt>
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          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>HP, Inc.</name>
        <lei>WHKXQACZ14C5XRO8LW03</lei>
        <title>HP, Inc.</title>
        <cusip>40434LAN5</cusip>
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          <isin value="US40434LAN55"/>
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        <balance>70000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71020342.40000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Schlumberger NV</name>
        <lei>213800ZUA17OK3QLGM62</lei>
        <title>Schlumberger NV</title>
        <cusip>806857108</cusip>
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          <isin value="AN8068571086"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>U.S. Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797NY9</cusip>
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        <balance>250000000.00000000</balance>
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        <valUSD>249793840.00000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-08</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
        <cusip>548661EL7</cusip>
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          <isin value="US548661EL74"/>
          <other otherDesc="Inhouse Asset ID" value="1213760"/>
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        <balance>30000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29889741.30000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Amgen, Inc.</title>
        <cusip>00CB78KJ6</cusip>
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          <isin value="US00CB78KJ64"/>
          <other otherDesc="Inhouse Asset ID" value="1453498"/>
          <other otherDesc="Option Ticker" value="AMGN UU 06/20/25 C350 Equity"/>
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        <name>Mineral Resources Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>American Electric Power Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>GNMA</name>
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          <isin value="US3618N5JD21"/>
          <other otherDesc="Inhouse Asset ID" value="1451048"/>
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        <balance>190000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>190564833.90000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Avianca Midco 2 plc</name>
        <lei>N/A</lei>
        <title>Avianca Midco 2 plc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Endo Finance Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Endo Finance Holdings, Inc.</title>
        <cusip>29281RAA7</cusip>
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          <isin value="US29281RAA77"/>
          <other otherDesc="Inhouse Asset ID" value="1346876"/>
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        <balance>50000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52188798.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>MPH Acquisition Holdings LLC</name>
        <lei>5493002WXOPRPTXWTU06</lei>
        <title>MPH Acquisition Holdings LLC</title>
        <cusip>553283AF9</cusip>
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          <isin value="US553283AF90"/>
          <other otherDesc="Inhouse Asset ID" value="1441275"/>
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        <balance>48577703.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42238631.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.50000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>Y</isPaidKind>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group, Inc. (The)</title>
        <cusip>38141GA95</cusip>
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        <balance>65000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67200470.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
        <cusip>097023CD5</cusip>
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          <isin value="US097023CD51"/>
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        <balance>20000000.00000000</balance>
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        <valUSD>18786369.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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      <invstOrSec>
        <name>Royal Bank of Canada into Cisco Systems, Inc.</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada into Cisco Systems, Inc.</title>
        <cusip>779942424</cusip>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Oracle Corp.</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Option Ticker" value="ORCL UC 04/17/25 P125 Equity"/>
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        <balance>-10000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-970000.00000000</valUSD>
        <pctVal>-0.00131958145</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <shareNo>100.00000000</shareNo>
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      </invstOrSec>
      <invstOrSec>
        <name>CCO Holdings LLC / CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp.</title>
        <cusip>1248EPCS0</cusip>
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          <isin value="US1248EPCS01"/>
          <other otherDesc="Inhouse Asset ID" value="1207758"/>
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        <valUSD>86808469.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NextEra Energy, Inc.</name>
        <lei>254900RHL9MEUS5NKX63</lei>
        <title>NextEra Energy, Inc.</title>
        <cusip>65339F119</cusip>
        <identifiers>
          <isin value="US65339F1194"/>
          <other otherDesc="Inhouse Asset ID" value="1409405"/>
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        <balance>4500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>204975000.00000000</valUSD>
        <pctVal>0.278846606807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Barclays Bank plc into Dell Technologies Inc</name>
        <lei>N/A</lei>
        <title>Barclays Bank plc into Dell Technologies Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1384693"/>
        </identifiers>
        <balance>1635000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>155191431.98000000</valUSD>
        <pctVal>0.211121376817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chevron Corp.</name>
        <lei>N/A</lei>
        <title>Chevron Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mizuho Markets Cayman LP into Barrick Gold Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Vistra Operations Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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          <isin value="US61747YFJ91"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Southern Co. (The)</name>
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          <isin value="US842587DL81"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase Bank NA into Exxon Mobil Corp.</name>
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          <maturityDt>2025-11-03</maturityDt>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
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        <title>Capital One Financial Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-10</maturityDt>
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      <invstOrSec>
        <name>KeyBank NA</name>
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          <isin value="US49327V2C76"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-08</maturityDt>
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      <invstOrSec>
        <name>Mizuho Markets Cayman LP into Bristol-Myers Squibb Co.</name>
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        <name>Consolidated Energy Finance SA</name>
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        <name>VICI Properties LP</name>
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        <name>U.S. Treasury Bills</name>
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        <name>J.P. Morgan Structured Products BV into Home Depot, Inc. (The)</name>
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          <annualizedRt>8.00000000</annualizedRt>
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        <name>Endo, Inc.</name>
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      <invstOrSec>
        <name>GNMA</name>
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        <name>BNP Paribas SA into Pfizer, Inc.</name>
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          <annualizedRt>10.50000000</annualizedRt>
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        <name>Rio Tinto plc</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>Rio Tinto plc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <valUSD>-2150000.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SCIH Salt Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>SCIH Salt Holdings, Inc.</title>
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          <isin value="US78433BAA61"/>
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        <balance>115000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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      <invstOrSec>
        <name>Goldman Sachs International Bank into NIKE, Inc.</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="US38151L2097"/>
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        <balance>2450000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="US00CB8ULP10"/>
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        <balance>-17500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1522500.00000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Dominion Energy, Inc.</issuerName>
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            <shareNo>100.00000000</shareNo>
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            <expDt>2025-06-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>609032.76000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273VBA7</cusip>
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          <isin value="US29273VBA70"/>
          <other otherDesc="Inhouse Asset ID" value="1364360"/>
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        <balance>34400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34477380.39000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Micron Technology, Inc.</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>Micron Technology, Inc.</title>
        <cusip>595112BV4</cusip>
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          <isin value="US595112BV48"/>
          <other otherDesc="Inhouse Asset ID" value="1221158"/>
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        <balance>55000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59025691.45000000</valUSD>
        <pctVal>0.080298152337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Civitas Resources, Inc.</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>Civitas Resources, Inc.</title>
        <cusip>17888HAB9</cusip>
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          <isin value="US17888HAB96"/>
          <other otherDesc="Inhouse Asset ID" value="1276662"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25704858.25000000</valUSD>
        <pctVal>0.034968715704</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95000U3B7</cusip>
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          <isin value="US95000U3B74"/>
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        <balance>50000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49295411.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.89700000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
        <cusip>097023CJ2</cusip>
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          <isin value="US097023CJ22"/>
          <other otherDesc="Inhouse Asset ID" value="1175217"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21532716.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
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      <invstOrSec>
        <name>Kinder Morgan, Inc.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan, Inc.</title>
        <cusip>49456BAX9</cusip>
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          <isin value="US49456BAX91"/>
          <other otherDesc="Inhouse Asset ID" value="1235781"/>
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        <balance>87000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>86253660.93000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-01</maturityDt>
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          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
        <cusip>11135FAS0</cusip>
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        <balance>80000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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      <invstOrSec>
        <name>CCO Holdings LLC / CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp.</title>
        <cusip>1248EPBT9</cusip>
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          <isin value="US1248EPBT92"/>
          <other otherDesc="Inhouse Asset ID" value="658135"/>
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        <balance>310100000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Coca-Cola Co. (The)</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>Coca-Cola Co. (The)</title>
        <cusip>191216100</cusip>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>501340000.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Expedia Group, Inc.</name>
        <lei>N/A</lei>
        <title>Expedia Group, Inc.</title>
        <cusip>30212PAM7</cusip>
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        <balance>30000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30043670.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>United Airlines Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>United Airlines Pass-Through Trust, Series 2020-1, Class A</title>
        <cusip>90931GAA7</cusip>
        <identifiers>
          <isin value="US90931GAA76"/>
          <other otherDesc="Inhouse Asset ID" value="1130873"/>
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        <name>Quikrete Holdings, Inc.</name>
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        <name>Macquarie Airfinance Holdings Ltd.</name>
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        <name>Carnival Corp.</name>
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        <name>Ford Motor Credit Co. LLC</name>
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        <name>Dell International LLC / EMC Corp.</name>
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        <name>Univision Communications, Inc.</name>
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        <name>Norfolk Southern Corp.</name>
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        <name>NRG Energy, Inc.</name>
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        <name>BNP Paribas Issuance BV into Freeport-McMoRan, Inc.</name>
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        <name>Centene Corp.</name>
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        <name>Procter &amp; Gamble Co. (The)</name>
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        <name>Wells Fargo Bank NA into CVS Health Corp.</name>
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        <name>FHLMC Pool</name>
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        <name>Boeing Co. (The)</name>
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        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
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        <name>Citigroup Global Markets Holdings, Inc. into UnitedHealth Group, Inc.</name>
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        <name>Venture Global Calcasieu Pass LLC</name>
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        <title>Venture Global Calcasieu Pass LLC</title>
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        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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        <name>Sempra, Inc.</name>
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        <name>Micron Technology, Inc.</name>
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        <name>Duke Energy Corp.</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp.</title>
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        <balance>50000000.00000000</balance>
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        <curCd>USD</curCd>
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          <maturityDt>2032-08-15</maturityDt>
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      <invstOrSec>
        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
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        <balance>30000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31984715.10000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.38800000</annualizedRt>
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      <invstOrSec>
        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>Fiserv, Inc.</title>
        <cusip>337738BE7</cusip>
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          <isin value="US337738BE73"/>
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        <balance>30000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30840813.30000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
        <cusip>11135FBR1</cusip>
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          <isin value="US11135FBR10"/>
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        <balance>28000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27336972.60000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Royal Bank of Canada into Texas Instruments, Inc.</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada into Texas Instruments, Inc.</title>
        <cusip>779942267</cusip>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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        <name>Royal Bank of Canada into Truist Financial Corp.</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada into Truist Financial Corp.</title>
        <cusip>779942309</cusip>
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          <isin value="US7799423097"/>
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        <balance>2420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100376547.06000000</valUSD>
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        <assetCat>SN</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>Clydesdale Acquisition Holdings, Inc.</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>Clydesdale Acquisition Holdings, Inc.</title>
        <cusip>18972EAD7</cusip>
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        <balance>40000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40309105.60000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc.</title>
        <cusip>92343V104</cusip>
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          <other otherDesc="Inhouse Asset ID" value="22610"/>
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        <balance>6500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>294840000.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Vistra Operations Co. LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>Vistra Operations Co. LLC</title>
        <cusip>92840VAG7</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1020118"/>
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        <balance>28500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27900575.18000000</valUSD>
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        <invCountry>US</invCountry>
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          <annualizedRt>3.70000000</annualizedRt>
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        <name>Hilcorp Energy I LP / Hilcorp Finance Co.</name>
        <lei>N/A</lei>
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        <cusip>431318AY0</cusip>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23802515.00000000</valUSD>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Marvell Technology, Inc.</title>
        <cusip>00PBSZXU0</cusip>
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          <other otherDesc="Option Ticker" value="MRVL UO 04/17/25 P65 Equity"/>
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        <name>Carnival Corp.</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp.</title>
        <cusip>143658BX9</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Amgen, Inc.</name>
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        <name>Ford Motor Credit Co. LLC</name>
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        <name>Bank of America Corp.</name>
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        <name>Ford Motor Co.</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>United Rentals, Inc.</name>
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        <name>FHLMC Pool</name>
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        <name>Mineral Resources Ltd.</name>
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        <name>AutoNation, Inc.</name>
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        <name>Intel Corp.</name>
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        <title>Intel Corp.</title>
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        <name>NIKE, Inc.</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>DaVita, Inc.</name>
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        <name>N/A</name>
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        <name>Honeywell International, Inc.</name>
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        <name>TransDigm, Inc.</name>
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        <name>Hewlett Packard Enterprise Co.</name>
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        <name>Vistra Operations Co. LLC</name>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Textron, Inc.</name>
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      <invstOrSec>
        <name>Lowe's Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Stagwell Global LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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                <issuerName>ConocoPhillips</issuerName>
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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>FHLMC Pool</name>
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          <isin value="US3132DWHG15"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3140XPBW81"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp.</title>
        <cusip>14040HCT0</cusip>
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        <balance>50000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49244163.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.26800000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Teva Pharmaceutical Finance Netherlands III BV</name>
        <lei>5493004T21MOAFINJP35</lei>
        <title>Teva Pharmaceutical Finance Netherlands III BV</title>
        <cusip>88167AAS0</cusip>
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          <isin value="US88167AAS06"/>
          <other otherDesc="Inhouse Asset ID" value="1240179"/>
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        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26921600.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Mizuho Markets Cayman LP into Microchip Technology, Inc.</name>
        <lei>549300KHUXLS6Q30KT26</lei>
        <title>Mizuho Markets Cayman LP into Microchip Technology, Inc.</title>
        <cusip>60701E287</cusip>
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          <isin value="US60701E2871"/>
          <other otherDesc="Inhouse Asset ID" value="1456665"/>
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        <balance>3010000.00000000</balance>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS AG into Cisco Systems, Inc.</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>UBS AG into Cisco Systems, Inc.</title>
        <cusip>90301T590</cusip>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>US Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>AbbVie, Inc.</title>
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          <other otherDesc="Option Ticker" value="ABBV UN 06/20/25 C230 Equity"/>
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        <valUSD>-1325000.00000000</valUSD>
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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>Southern Co. (The)</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co. (The), Series 2025</title>
        <cusip>842587EB9</cusip>
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          <isin value="US842587EB90"/>
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        <balance>125000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>128307875.00000000</valUSD>
        <pctVal>0.174549167315</pctVal>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sprint LLC</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>Sprint LLC</title>
        <cusip>85207UAK1</cusip>
        <identifiers>
          <isin value="US85207UAK16"/>
          <other otherDesc="Inhouse Asset ID" value="685189"/>
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        <balance>86300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>87668170.00000000</valUSD>
        <pctVal>0.119263186874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <name>Mondelez International, Inc.</name>
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        <name>AbbVie, Inc.</name>
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        <name>Venture Global LNG, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NRG Energy, Inc.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
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        <name>SCIH Salt Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Teva Pharmaceutical Finance Netherlands III BV</name>
        <lei>5493004T21MOAFINJP35</lei>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NCL Corp. Ltd.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Union Pacific Corp.</name>
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        <title>Union Pacific Corp.</title>
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        <assetCat>EC</assetCat>
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        <name>JetBlue Airways Corp. / JetBlue Loyalty LP</name>
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        <name>Wells Fargo Bank NA into Boeing Co. (The)</name>
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        <title>Wells Fargo Bank NA into Boeing Co. (The)</title>
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        <name>Ashtead Capital, Inc.</name>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>Energizer Holdings, Inc.</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>Energizer Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Cleveland-Cliffs, Inc.</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>Cleveland-Cliffs, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>DaVita, Inc.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DaVita, Inc.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>Caesars Entertainment, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sempra</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Regal Rexnord Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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      <invstOrSec>
        <name>Royal Caribbean Cruises Ltd.</name>
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        <balance>50000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49824850.00000000</valUSD>
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        <invCountry>LR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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          <isin value="US3132DWNY56"/>
          <other otherDesc="Inhouse Asset ID" value="1434556"/>
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        <balance>118174728.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120076672.76000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Camelot Return Merger Sub, Inc.</name>
        <lei>N/A</lei>
        <title>Camelot Return Merger Sub, Inc.</title>
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        <balance>47600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39270476.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>FNMA</name>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Citigroup, Inc.</title>
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          <other otherDesc="Inhouse Asset ID" value="1449613"/>
          <other otherDesc="Option Ticker" value="C US 05/16/25 C85 Equity"/>
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        <balance>-5000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-70000.00000000</valUSD>
        <pctVal>-0.00009522752</pctVal>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issueTitle>Citigroup, Inc.</issueTitle>
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            <shareNo>100.00000000</shareNo>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>CommScope LLC</name>
        <lei>549300Z6K4JXMFE8QY54</lei>
        <title>CommScope LLC</title>
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          <isin value="US203372AX50"/>
          <other otherDesc="Inhouse Asset ID" value="1159398"/>
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        <balance>112000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99713559.68000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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          <isin value="US61747YFB65"/>
          <other otherDesc="Inhouse Asset ID" value="1234473"/>
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        <balance>67095000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67848743.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.94800000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>Royal Bank of Canada into Citigroup, Inc.</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada into Citigroup, Inc.</title>
        <cusip>779942408</cusip>
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          <isin value="US7799424087"/>
          <other otherDesc="Inhouse Asset ID" value="1383048"/>
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        <balance>3700000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>240642840.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>CommScope LLC</name>
        <lei>549300Z6K4JXMFE8QY54</lei>
        <title>CommScope LLC</title>
        <cusip>203372AV9</cusip>
        <identifiers>
          <isin value="US203372AV94"/>
          <other otherDesc="Inhouse Asset ID" value="1086793"/>
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        <balance>200000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>177172294.00000000</valUSD>
        <pctVal>0.241023993180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Duke Energy Corp.</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp.</title>
        <cusip>26441C204</cusip>
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          <isin value="US26441C2044"/>
          <other otherDesc="Inhouse Asset ID" value="358486"/>
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        <balance>2500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>304925000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Clear Channel Outdoor Holdings, Inc.</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
        <cusip>18453HAC0</cusip>
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          <isin value="US18453HAC07"/>
          <other otherDesc="Inhouse Asset ID" value="1132731"/>
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        <balance>179000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>154081594.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>AbbVie, Inc.</title>
        <cusip>00CBJJPS4</cusip>
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          <isin value="US00CBJJPS44"/>
          <other otherDesc="Inhouse Asset ID" value="1453497"/>
          <other otherDesc="Option Ticker" value="ABBV UC 05/16/25 C230 Equity"/>
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        <balance>-5000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-675000.00000000</valUSD>
        <pctVal>-0.00091826544</pctVal>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>AbbVie, Inc.</issuerName>
                <issueTitle>AbbVie, Inc.</issueTitle>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>230.00000000</exercisePrice>
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      <invstOrSec>
        <name>Barclays Bank plc into Microchip Technology, Inc.</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Barclays Bank plc into Microchip Technology, Inc.</title>
        <cusip>06748N244</cusip>
        <identifiers>
          <isin value="US06748N2449"/>
          <other otherDesc="Inhouse Asset ID" value="1386455"/>
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        <balance>1950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100308884.99000000</valUSD>
        <pctVal>0.136459530245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
        <cusip>88033GDQ0</cusip>
        <identifiers>
          <isin value="US88033GDQ01"/>
          <other otherDesc="Inhouse Asset ID" value="1275607"/>
        </identifiers>
        <balance>425000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>423566237.00000000</valUSD>
        <pctVal>0.576216650545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Toronto-Dominion Bank (The) into Medtronic plc</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Micron Technology, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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        <name>Alcoa Nederland Holding BV</name>
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          <isin value="US013822AG68"/>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-31</maturityDt>
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      <invstOrSec>
        <name>United Rentals North America, Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America, Inc.</title>
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          <isin value="US911365BG81"/>
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        <balance>150000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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      <invstOrSec>
        <name>Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.</name>
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        <balance>30000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Ashtead Capital, Inc.</name>
        <lei>213800J1134IW58IC398</lei>
        <title>Ashtead Capital, Inc.</title>
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        <balance>30000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-30</maturityDt>
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        <name>Illinois Tool Works, Inc.</name>
        <lei>76NA4I14SZCFAYMNSV04</lei>
        <title>Illinois Tool Works, Inc.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Merck &amp; Co., Inc.</title>
        <cusip>00CAGKCN1</cusip>
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        <balance>-10000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Albemarle Corp.</name>
        <lei>HDBLS2Q6GV1LSKQPBS54</lei>
        <title>Albemarle Corp.</title>
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        <name>Cheniere Energy Partners LP</name>
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        <title>Cheniere Energy Partners LP</title>
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        <name>Southern Co. (The)</name>
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        <title>Southern Co. (The)</title>
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        <name>Institutional Fiduciary Trust - Money Market Portfolio</name>
        <lei>549300M4TP89K77LG374</lei>
        <title>Institutional Fiduciary Trust - Money Market Portfolio</title>
        <cusip>457756500</cusip>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp.</title>
        <cusip>14040HCY9</cusip>
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      <invstOrSec>
        <name>Clydesdale Acquisition Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Clydesdale Acquisition Holdings, Inc., First Lien, Delayed Draw CME Term Loan, B</title>
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      <invstOrSec>
        <name>Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.</name>
        <lei>N/A</lei>
        <title>Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.</title>
        <cusip>31556TAC3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Vistra Operations Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>AutoNation, Inc.</name>
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      <invstOrSec>
        <name>JPMorgan Chase Bank NA into Truist Financial Corp.</name>
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        <title>JPMorgan Chase Bank NA into Truist Financial Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAT Capital Corp.</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
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        <name>KB Home</name>
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        <title>KB Home</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rain CII Carbon LLC / CII Carbon Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>Barclays Bank plc into Amazon.com, Inc.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Rockies Express Pipeline LLC</name>
        <lei>W2ZGZGZKY5GGNY6F3V51</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Microchip Technology, Inc.</title>
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        <curCd>USD</curCd>
        <valUSD>-175000.00000000</valUSD>
        <pctVal>-0.00023806881</pctVal>
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      <invstOrSec>
        <name>BAT Capital Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Clarion Partners Real Estate Income Fund, Inc.</name>
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        <name>Dominion Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
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        <title>Oracle Corp.</title>
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          <isin value="US68389XCJ28"/>
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        <balance>95000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-09</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>Goodyear Tire &amp; Rubber Co. (The)</title>
        <cusip>382550BF7</cusip>
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          <isin value="US382550BF73"/>
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        <balance>57000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56593185.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mizuho Markets Cayman LP into Freeport-McMoRan, Inc.</name>
        <lei>549300KHUXLS6Q30KT26</lei>
        <title>Mizuho Markets Cayman LP into Freeport-McMoRan, Inc.</title>
        <cusip>60701E139</cusip>
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          <isin value="US60701E1394"/>
          <other otherDesc="Inhouse Asset ID" value="1426051"/>
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        <balance>6000000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Medtronic plc</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1449650"/>
          <other otherDesc="Option Ticker" value="MDT UC 05/16/25 C100 Equity"/>
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        <balance>-5000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-80000.00000000</valUSD>
        <pctVal>-0.00010883146</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Options Clearing</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>Medtronic plc</issuerName>
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            <shareNo>100.00000000</shareNo>
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            <unrealizedAppr>524092.15000000</unrealizedAppr>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
        <cusip>37045XDS2</cusip>
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          <isin value="US37045XDS27"/>
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        <balance>80000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
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        <title>NextEra Energy, Inc.</title>
        <cusip>00CBTVT11</cusip>
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        <balance>-10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-400000.00000000</valUSD>
        <pctVal>-0.00054415730</pctVal>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Marvell Technology, Inc.</title>
        <cusip>00PBJYDW1</cusip>
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          <other otherDesc="Option Ticker" value="MRVL UC 05/16/25 P65 Equity"/>
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        <valUSD>-6550000.00000000</valUSD>
        <pctVal>-0.00891057579</pctVal>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</name>
        <lei>N/A</lei>
        <title>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</title>
        <cusip>00774MAX3</cusip>
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          <isin value="US00774MAX39"/>
          <other otherDesc="Inhouse Asset ID" value="1171548"/>
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        <balance>50000000.00000000</balance>
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        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2032-01-30</maturityDt>
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          <annualizedRt>3.30000000</annualizedRt>
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      <invstOrSec>
        <name>Quikrete Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Quikrete Holdings, Inc., First Lien, CME Term Loan, B3</title>
        <cusip>74839XAL3</cusip>
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          <isin value="US74839XAL38"/>
          <other otherDesc="Inhouse Asset ID" value="1439808"/>
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        <balance>40000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39601200.00000000</valUSD>
        <pctVal>0.053873205246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.57492000</annualizedRt>
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      <invstOrSec>
        <name>American Electric Power Co., Inc.</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>American Electric Power Co., Inc.</title>
        <cusip>025537AX9</cusip>
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          <isin value="US025537AX91"/>
          <other otherDesc="Inhouse Asset ID" value="1239845"/>
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        <balance>30000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30780582.00000000</valUSD>
        <pctVal>0.041873696042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="293771.74000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
        <cusip>893647BS5</cusip>
        <identifiers>
          <isin value="US893647BS53"/>
          <other otherDesc="Inhouse Asset ID" value="1286165"/>
        </identifiers>
        <balance>50000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51142250.00000000</valUSD>
        <pctVal>0.069573571786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
        <cusip>629377CW0</cusip>
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          <isin value="US629377CW01"/>
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        <name>Celanese US Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Rentals North America, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Williams Cos., Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Calpine Corp.</name>
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        <title>Calpine Corp.</title>
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          <isin value="US131347CP95"/>
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        <balance>22000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Barclays plc</name>
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        <name>United States of America</name>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>Wynn Macau Ltd.</name>
        <lei>254900NMDQ8ENTHU1I31</lei>
        <title>Wynn Macau Ltd.</title>
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        <valUSD>49697570.00000000</valUSD>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>Lockheed Martin Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Vistra Operations Co. LLC</name>
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        <title>Vistra Operations Co. LLC</title>
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        <name>Prudential Financial, Inc.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Medline Borrower LP</name>
        <lei>254900QT3R363TVK6F09</lei>
        <title>Medline Borrower LP</title>
        <cusip>62482BAB8</cusip>
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          <isin value="US62482BAB80"/>
          <other otherDesc="Inhouse Asset ID" value="1168379"/>
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        <valUSD>43211853.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Home Depot, Inc. (The)</title>
        <cusip>00CBRFYE4</cusip>
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        <valUSD>-15000.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273VAQ3</cusip>
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        <balance>30000000.00000000</balance>
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        <valUSD>30713565.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nestle SA</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>Nestle SA</title>
        <cusip>641069406</cusip>
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          <isin value="US6410694060"/>
          <other otherDesc="Inhouse Asset ID" value="9905"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>404680000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
        <cusip>548661EH6</cusip>
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          <isin value="US548661EH62"/>
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        <balance>63000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58475707.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>American Airlines, Inc. / AAdvantage Loyalty IP Ltd.</name>
        <lei>N/A</lei>
        <title>American Airlines, Inc. / AAdvantage Loyalty IP Ltd.</title>
        <cusip>00253XAB7</cusip>
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          <isin value="US00253XAB73"/>
          <other otherDesc="Inhouse Asset ID" value="1137771"/>
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        <balance>198460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>194366089.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Barclays Bank plc into RTX Corp.</name>
        <lei>N/A</lei>
        <title>Barclays Bank plc into RTX Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1388458"/>
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        <balance>2100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>257911189.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Texas Instruments, Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>Texas Instruments, Inc.</title>
        <cusip>882508104</cusip>
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          <isin value="US8825081040"/>
          <other otherDesc="Inhouse Asset ID" value="5041"/>
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        <balance>1000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>179700000.00000000</valUSD>
        <pctVal>0.244462667365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ares Management Corp.</name>
        <lei>529900JUV61FH7B8VW38</lei>
        <title>Ares Management Corp., Series B</title>
        <cusip>03990B309</cusip>
        <identifiers>
          <isin value="US03990B3096"/>
          <other otherDesc="Inhouse Asset ID" value="1403279"/>
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        <balance>1000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48210000.00000000</valUSD>
        <pctVal>0.065584558673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mizuho Markets Cayman LP into Hewlett Packard Enterprise Co.</name>
        <lei>549300KHUXLS6Q30KT26</lei>
        <title>Mizuho Markets Cayman LP into Hewlett Packard Enterprise Co.</title>
        <cusip>6068FR667</cusip>
        <identifiers>
          <isin value="US6068FR6676"/>
          <other otherDesc="Inhouse Asset ID" value="1393508"/>
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        <balance>9500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>147462260.97000000</valUSD>
        <pctVal>0.200606664732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>SN</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Netflix, Inc.</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix, Inc.</title>
        <cusip>64110LAT3</cusip>
        <identifiers>
          <isin value="US64110LAT35"/>
          <other otherDesc="Inhouse Asset ID" value="978722"/>
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        <balance>50000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52309214.00000000</valUSD>
        <pctVal>0.071161101737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Coca-Cola Co. (The)</title>
        <cusip>00CBJMQ64</cusip>
        <identifiers>
          <isin value="US00CBJMQ645"/>
          <other otherDesc="Inhouse Asset ID" value="1454718"/>
          <other otherDesc="Option Ticker" value="KO UF 05/16/25 C72.5 Equity"/>
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        <balance>-10000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1840000.00000000</valUSD>
        <pctVal>-0.00250312358</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Options Clearing</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Coca-Cola Co. (The)</issuerName>
                <issueTitle>Coca-Cola Co. (The)</issueTitle>
                <identifiers>
                  <cusip value="191216100"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>72.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-05-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-731812.92000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
        <cusip>89788MAN2</cusip>
        <identifiers>
          <isin value="US89788MAN20"/>
          <other otherDesc="Inhouse Asset ID" value="1273831"/>
        </identifiers>
        <balance>45000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45761965.65000000</valUSD>
        <pctVal>0.062254269263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.04700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
        <cusip>893647BV8</cusip>
        <identifiers>
          <isin value="US893647BV82"/>
          <other otherDesc="Inhouse Asset ID" value="1328165"/>
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        <balance>100000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101399435.00000000</valUSD>
        <pctVal>0.137943107119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
        <cusip>68389XBN4</cusip>
        <identifiers>
          <isin value="US68389XBN49"/>
          <other otherDesc="Inhouse Asset ID" value="678385"/>
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        <balance>40000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38783388.00000000</valUSD>
        <pctVal>0.052760659320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Centene Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp.</title>
        <cusip>15135BAT8</cusip>
        <identifiers>
          <isin value="US15135BAT89"/>
          <other otherDesc="Inhouse Asset ID" value="1068941"/>
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        <balance>166100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>159260566.74000000</valUSD>
        <pctVal>0.216657000286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Chevron Corp.</title>
        <cusip>00CAGKAB9</cusip>
        <identifiers>
          <isin value="US00CAGKAB90"/>
          <other otherDesc="Inhouse Asset ID" value="1454462"/>
          <other otherDesc="Option Ticker" value="CVX UU 06/20/25 C170 Equity"/>
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        <balance>-10000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5500000.00000000</valUSD>
        <pctVal>-0.00748216288</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Options Clearing</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
                <issuerName>Chevron Corp.</issuerName>
                <issueTitle>Chevron Corp.</issueTitle>
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                  <cusip value="166764100"/>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>170.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-06-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-2618662.21000000</unrealizedAppr>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Humana, Inc.</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>Humana, Inc.</title>
        <cusip>444859BV3</cusip>
        <identifiers>
          <isin value="US444859BV38"/>
          <other otherDesc="Inhouse Asset ID" value="1223057"/>
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        <balance>35000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35798206.50000000</valUSD>
        <pctVal>0.048699638552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
        <cusip>404119CQ0</cusip>
        <identifiers>
          <isin value="US404119CQ00"/>
          <other otherDesc="Inhouse Asset ID" value="1261694"/>
        </identifiers>
        <balance>100000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100412902.00000000</valUSD>
        <pctVal>0.136601034284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Lowe's Cos., Inc.</title>
        <cusip>00CB286R9</cusip>
        <identifiers>
          <isin value="US00CB286R95"/>
          <other otherDesc="Inhouse Asset ID" value="1456293"/>
          <other otherDesc="Option Ticker" value="LOW UC 06/20/25 C250 Equity"/>
        </identifiers>
        <balance>-5000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2700000.00000000</valUSD>
        <pctVal>-0.00367306178</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Options Clearing</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Lowe's Cos., Inc.</issuerName>
                <issueTitle>Lowe's Cos., Inc.</issueTitle>
                <identifiers>
                  <cusip value="548661107"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>250.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-06-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-398405.04000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Caesars Entertainment, Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment, Inc.</title>
        <cusip>12769GAB6</cusip>
        <identifiers>
          <isin value="US12769GAB68"/>
          <other otherDesc="Inhouse Asset ID" value="1235257"/>
        </identifiers>
        <balance>52000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52744848.52000000</valUSD>
        <pctVal>0.071753735998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MPH Acquisition Holdings LLC</name>
        <lei>N/A</lei>
        <title>MPH Acquisition Holdings LLC, First Lien, Exchange First Out CME Term Loan</title>
        <cusip>55328HAP6</cusip>
        <identifiers>
          <isin value="US55328HAP64"/>
          <other otherDesc="Inhouse Asset ID" value="1436218"/>
        </identifiers>
        <balance>30452726.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30229812.05000000</valUSD>
        <pctVal>0.041124432318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.03689000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BP plc</title>
        <cusip>00CBGE7H2</cusip>
        <identifiers>
          <isin value="US00CBGE7H27"/>
          <other otherDesc="Inhouse Asset ID" value="1457407"/>
          <other otherDesc="Option Ticker" value="BP UC 04/17/25 C35 Equity"/>
        </identifiers>
        <balance>-10000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-290000.00000000</valUSD>
        <pctVal>-0.00039451404</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Options Clearing</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BP plc</issuerName>
                <issueTitle>BP plc</issueTitle>
                <identifiers>
                  <cusip value="055622104"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>35.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-04-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>328200.98000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carnival Corp.</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp.</title>
        <cusip>143658BR2</cusip>
        <identifiers>
          <isin value="US143658BR27"/>
          <other otherDesc="Inhouse Asset ID" value="1171231"/>
        </identifiers>
        <balance>30000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29808630.90000000</valUSD>
        <pctVal>0.040551460324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charter Communications Operating LLC</name>
        <lei>N/A</lei>
        <title>Charter Communications Operating LLC, First Lien, CME Term Loan B5</title>
        <cusip>16117LCE7</cusip>
        <identifiers>
          <isin value="US16117LCE74"/>
          <other otherDesc="Inhouse Asset ID" value="1421096"/>
        </identifiers>
        <balance>19950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19902618.75000000</valUSD>
        <pctVal>0.027075388242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.54761000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Barclays plc</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays plc</title>
        <cusip>06738ECE3</cusip>
        <identifiers>
          <isin value="US06738ECE32"/>
          <other otherDesc="Inhouse Asset ID" value="1221362"/>
        </identifiers>
        <balance>75000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>83743672.50000000</valUSD>
        <pctVal>0.113924326957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.43700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Custodian Funds</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
